Awadhesh Singh
26 June 2015 at 12:10
One of my maternal brother is Singapore born citizen, he is having a house in India. The house was purchased by his father in the name of his sons (all Singapore citizen) and in the name of his nephews who were Indian citizen in the year 1970, at that time my brother was minor. Now though a builder a multi storied building has been constructed on that house in which my brother got two flats. The flats have been rented out 6500 RS per month per flat. The money is being deposited in an account opened with Singapore branch SBI. My brother has got Overseas Citizen of India status. I want to know whether this rental income is taxable or not? Whether my brother is supposed to file income tax return in India? Can he apply for PAN in India? Can he repatriate this money to Singapore ? Please advise .
Shamsul Arfeen
23 June 2015 at 09:23
I have provide a service on 11 may 2015 & raised the bill on 17th June with 14% but payment will be received on 11 july 2015.
Service Date: 11 May
Bill Raised: 17 june
Pay.Received: 11 july
1) When shall i pay service tax to CG, if i am sole proprietor, Kindly explain & share link if any ?
2) What is the procedure of ST return ?
3) Kindly explain the due date of ST Pay. regarding in my case.
Adv. Puneet Shukla
22 June 2015 at 19:27
Dear Sir,
I have pass out LLB final semester and now i need to some clarification about registration & practice information.
1- What is the process of registration? Is this mandatory for Practice?
2- IS BCI exam mandatory for practice?
3- Is this all academic documents required?
Please suggest me & I am living in Gurgaon if any good firm open for requirement, Pls inform Me.
Thanks,
Kind Regards-
Adv. Puneet K Shukla
09990258985
Dipak N. Bhatt
21 June 2015 at 12:39
I have sale open residential plot, gifted to me in 1975. How I will save tax.
Please suggest
Thanks & Regards
Dipak Bhatt
Nookala Subrahmanyam
18 June 2015 at 21:29
Central Excise Audit Party has raise the issue to pay service tax on notice pay amount collected from the employees, who left the organization without notice period.
As per the terms and conditions specified in the appointment order, there is a condition to give notice for three months before leaving/resigning the job. But in a special situation the employee is decided to leave the organization without giving the notice period.
Company will collect the salary for three months as a notice pay. in view of the department is nothing but a tolerance of act hence it attracts the service tax. under section 66E(e). Is it required to pay.
Member (Account Deleted)
18 June 2015 at 17:32
Mr. A, Has an artist management service, entered with Firm B, LLP, An event orgainser in USA, to appoint Mr.Shaantanu Mukhrajee (Shaan) perform in concert in California. Mr. A had contract with Firm B that Firm B will directly Pay $3,00,000/- to Mr. Shaan & balance $50,000 to mr. A. Firm B has deducted withholding taxes on both payment. Mr. A will receive an regular contract from California in near future. What will be the tax treatment of Mr. A & Mr. Shaan in india ( Both are resident)??
what if Mr. A received total payment of $3,50,000/- less Withholding taxes & Pay to Mr. Shaan.
DILIP KUMAR MONDAL
18 June 2015 at 16:11
sir ,
i filed wrong itr form after due date , now i have received 143(1) asst.order so i can file another form as itr-4 and rectification
mihir
17 June 2015 at 18:47
Sir, I am a 20 years old last year graduation student living in maharashtra. I am a part time trader in stock and commodity market mostly trading intra day. my queries are how will be the tax structure for my profession and what expenses cane be exempted from income???
N SURYANARAYANA
16 June 2015 at 11:33
Sir, Whether under ULIP(Wealth-Plus) Policy the pre-matured withdrawal is taxable. It is a case where the policy has been taken by a person aged 62 years on 25/02/2010 for a term of 8 years and paid single premium of Rs.4 lakhs. Sum assured is Rs.5 lakhs. An amount of Rs.373672/- was received from LIC on surrender on 11/10/2014 with TDS of Rs.7472 u/s 194DA. My query is whether the entire amount is taxable under I.T.Act, 1961 for the AY 2015-16 . Please offer your valuable comments. Also state whether loss so incurred (premium paid minus maturity value) on account of investment can be allowed to be set-off under other heads of income.
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I have made a loss of Rs20.00lac in stock derivatives market in 2014-15.Can I show it in my IT return towards loss which is to be adjusted in next 8 years. I had borrowed some money from a friend who had given from his Company A/c which has not yet been repaid. Do I need to show that? My employer gives me a cerificate where the loss is not shown bcz there is no column for it.